Form 4: Hershey Co. CFO Steven E. Voskuil Sells 1,000 Shares
SEC Form 4 Filing
Steven E. Voskuil, SVP and CFO of Hershey Co., sold 1,000 shares of common stock at a price of $185.47 per share on October 21, 2024, according to a Form 4 filing with the SEC.
Summary
- On October 21, 2024, Steven E. Voskuil, the SVP and Chief Financial Officer of Hershey Co. (HSY), sold 1,000 shares of the company's common stock.
- The sale was executed at a price of $185.47 per share.
- Following the transaction, Voskuil directly owns 31,228 shares of Hershey Co. common stock.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 17, 2024.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often part of personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 17, 2024 | Date of adoption of Rule 10b5-1 trading plan |
| October 21, 2024 | Date of stock sale transaction |
| October 22, 2024 | Date of signature on the Form 4 filing |
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